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Tbone123
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March 14, 2014, 12:58:31 AM |
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Are there any plans to sell some of the pre-mine at launch of an exchange or are you going to rely on the coins mined so far to determine market value by the miners selling them?
I asked a related question on the sub-reddit but still waiting for a reply there so might post it here too. My understanding is most of the pre-mine goes towards this investment pool used for trading. Do you need to sell AIR for BTC from this pool to fund the trading or will there be AIR trading pairs established by the exchanges or will there be some initial seed funding used for early trading?
The AIR will be converted to BTC or LTC (depending on available markets) to trade this investment pool, and then converted back to AIR when the pool grows, to raise the exchange rate or to counteract dumps. This is the primary way we stabilize the exchange rate. The pool allows us to leverage gains with this large volume. A 1% gain on a pool of 50,000 AIR equivalent allows us to counteract a 10% price fall in a market depth of 5,000 AIR, for example. That's not really what I expected to hear. Basically means just another premine dump by the devs... No, it may be a "premine dump" to raise BTC capital but they plan to reinvest it for the coin's benifit. THAT is not like most previous coins. It's just a matter of faith at this point in time. They have a plan, they are following through with it and they are keeping us in the loop. What more can we ask? It's the 12 hour, you are either onboard or not, strap in or move back cuz it's about to launch. My question is down the road from the exchange launch will there be an agressive campaign or strategy to add services,stores etc that accept aircoin? |
Internet of People - USA North Chapter Leader
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wasamata
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March 14, 2014, 01:40:16 AM |
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Also does anyone know who is the said 'thomas jackson'? All I could find was the creator of the website aircointeam is someone called Anthony Surganov: Innovation Fund Associate at UChicagoTech | The University of Chicago. Well that would be inline with the speel on their website I suppose atleast.
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tic-tac-totoro
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March 14, 2014, 02:26:54 AM |
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Just saw that deposits on poloniex are available. But trading is not open yet.
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UrsaMajorisBeta
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March 14, 2014, 02:28:28 AM |
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Well that's great news!
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Sprite160
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March 14, 2014, 02:50:57 AM |
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Well that's great news!
I see that as well |
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tricass
Sr. Member
 Offline
Activity: 394
Merit: 250
Crypto enthusiast
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March 14, 2014, 02:51:29 AM |
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Yep...but why does it list a transaction fee of 0.01 AIR?
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Sprite160
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March 14, 2014, 03:08:58 AM |
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Yep...but why does it list a transaction fee of 0.01 AIR?
I guess the exchange wants to make money on that.. Or, it has just not been setup all the way yet... |
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arniebaby
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March 14, 2014, 03:16:50 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
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NARNIE-YYITR3-V6BVJ7-GGR5EO-GRIZZ2-WEMD4A-AAUD
NEM NEM NEM NEM NEM NEM NEM NEM NEM NEM
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andyatcrux
Legendary
Offline
Activity: 938
Merit: 1000
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March 14, 2014, 03:23:10 AM |
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Yep...but why does it list a transaction fee of 0.01 AIR?
That is a withdrawal fee, like most exchanges have. No fee on your deposit. |
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sussex
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March 14, 2014, 03:23:32 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
That has been explained. Hopefully. Anyway, sent a test coin and it arrived on poloniex 20 minutes later. |
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Sprite160
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March 14, 2014, 03:24:24 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
Are you watching me make my deposit??? LOL |
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arniebaby
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March 14, 2014, 03:25:04 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
That has been explained. Hopefully. Anyway, sent a test coin and it arrived on poloniex 20 minutes later. hope so too. Breath held. |
NARNIE-YYITR3-V6BVJ7-GGR5EO-GRIZZ2-WEMD4A-AAUD
NEM NEM NEM NEM NEM NEM NEM NEM NEM NEM
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scottlilo
Member
Offline
Activity: 101
Merit: 10
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March 14, 2014, 03:27:51 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
Are you talking about coins moving from the premine wallets?? I would think that this makes sense, coins do need to be loaded into the exchange, dont they ? Although half a million seems a bit excessive at this stage, their is nothing wrong with being prepared. |
Poloniex Moderator
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Sprite160
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March 14, 2014, 03:35:09 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
Are you talking about coins moving from the premine wallets?? I would think that this makes sense, coins do need to be loaded into the exchange, dont they ? Although half a million seems a bit excessive at this stage, their is nothing wrong with being prepared. That's what each of the first five blocks were.. 500,000 |
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scottlilo
Member
Offline
Activity: 101
Merit: 10
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March 14, 2014, 03:51:50 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
Are you talking about coins moving from the premine wallets?? I would think that this makes sense, coins do need to be loaded into the exchange, dont they ? Although half a million seems a bit excessive at this stage, their is nothing wrong with being prepared. That's what each of the first five blocks were.. 500,000 Valid point sir! But not sure how relevant? Could you elaborate? Or are you simply pointing out the coincedence? |
Poloniex Moderator
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Sprite160
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March 14, 2014, 04:02:21 AM |
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hmmmm polo wallet open and 1/2 mil coins move.............
Are you talking about coins moving from the premine wallets?? I would think that this makes sense, coins do need to be loaded into the exchange, dont they ? Although half a million seems a bit excessive at this stage, their is nothing wrong with being prepared. That's what each of the first five blocks were.. 500,000 Valid point sir! But not sure how relevant? Could you elaborate? Or are you simply pointing out the coincedence? I'm just saying, maybe that just seemed logical for following the coin from initial mining to the polo wallet. |
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scottlilo
Member
Offline
Activity: 101
Merit: 10
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March 14, 2014, 05:00:11 AM |
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New colors look awesome! Also saw the pdf link to the press release. Great Strategy, and well written paper. |
Poloniex Moderator
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tricass
Sr. Member
Offline
Activity: 394
Merit: 250
Crypto enthusiast
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March 14, 2014, 05:06:09 AM |
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I think part of it got truncated?
"AIRcoin, if successful, will act to innovate Cryptocoins in a way that allows for their adoption as a major
financial asset. The Cryptocurrency community has only 3-4 months before the regulatory landscape
changes, and the wake of negative opinion, publicity, and news regarding the community has made it"
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AIRcoin Aether
Newbie
Offline
Activity: 16
Merit: 0
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March 14, 2014, 05:43:56 AM |
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I think part of it got truncated?
"AIRcoin, if successful, will act to innovate Cryptocoins in a way that allows for their adoption as a major
financial asset. The Cryptocurrency community has only 3-4 months before the regulatory landscape
changes, and the wake of negative opinion, publicity, and news regarding the community has made it"
Fixed. |
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